Federated Learning Solutions Market Will Generate Record Revenue by 2029

Federated learning solutions market is anticipated to grow at a significant CAGR of 10.5% during the forecast period. The rising penetration of mobile phones, wearable devices, and autonomous vehicles is generating new opportunities for the market by generating a wealth of data every day through modern distributed networks. The growing computational power with concerns related to transmitting private information is attracting local data storage and network computation on edge devices. Federated learning has such potential to provide a user experience without leaking private information. Several industries including BFSI, healthcare & life sciences, and retail & e-commerce collect gigantic amounts of data every day from consumer devices including mobile phones, tablets, and personal laptops. Federated learning provides a unique approach to build such personalized models without intruding on the privacy of users.

The lack of skilled technicians and engineers who have the knowledge of new federated learning architecture with deployment and maintenance of machine learning models is a major challenging factor that will restrain the market growth. Additionally, there is no security guarantee that the important pieces of information, like credit card numbers, will not get leaked from an optimization algorithm, like Stochastic Gradient Descent.

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered-

By Vertical
By Application
Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Nvidia Corp., Cloudera, Inc., IBM Corp., Microsoft Corp., Google LLC, and OWKIN, INC.
A full Report of Federated Learning Solutions Market is Available @ https://www.omrglobal.com/industry-reports/federated-learning-solutions-market

Federated Learning Solutions Market Report Segment

By Vertical

Banking, Financial Services, and Insurance (BFSI)
Healthcare & Life Sciences
Retail & e-Commerce
Manufacturing
Energy & Utilities
Other Verticals (including Telecommunications and IT, Media and Entertainment, and Government)
By Application

Drug Discovery
Data Privacy & Security Management
Risk Management
Shopping Experience Personalization
Industrial Internet of Things (IIoT)
Online Visual Object Detection
Other Applications (including Video Analytics, Corporate IT, Genomics, and Anomaly Detection)
Federated Learning Solutions Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
Company Profiles

Amazon Redshift
Cloudera, Inc.
Consilient Technologies Pvt. Ltd.
DataFleets Ltd.
Decentralized Machine Learning
Edge Delta, Inc.
Enveil
Google LLC
IBM Corp.
Impetus Technologies, Inc.
Infosys Ltd.
Inzata
Lifebit
Microsoft Corp.
NVIDIA Corp.
OmniSci, Inc.
Owkin, Inc.
SambaNova Systems
Secure AI Labs
ai
Snowflake Inc.
Tata Consultancy Services Ltd.
Teradata Ventage
Vertica Systems, Inc.
Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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